Hubbell Inc (NYSE:HUBB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hubbell Inc (NYSE:HUBB) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $536.00.

Several brokerages have weighed in on HUBB. Stephens reissued an “overweight” rating and set a $550.00 price objective on shares of Hubbell in a research note on Thursday, February 5th. JPMorgan Chase & Co. lifted their target price on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Morgan Stanley boosted their target price on Hubbell from $515.00 to $565.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 11th. Mizuho set a $575.00 price target on Hubbell in a report on Wednesday, February 4th. Finally, Wells Fargo & Company increased their price target on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th.

Hubbell Price Performance

Hubbell stock opened at $503.85 on Thursday. Hubbell has a 52-week low of $299.42 and a 52-week high of $533.80. The company has a quick ratio of 1.00, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $496.35 and its 200 day moving average is $460.34. The company has a market cap of $26.78 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 2.56 and a beta of 1.00.

Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $4.10 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. Sell-side analysts forecast that Hubbell will post 17.63 EPS for the current fiscal year.

Hubbell Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.68 annualized dividend and a dividend yield of 1.1%. Hubbell’s dividend payout ratio is currently 34.07%.

Insider Activity

In related news, VP Nero Jonathan M. Del sold 2,245 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $500.60, for a total transaction of $1,123,847.00. Following the transaction, the vice president directly owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Katherine Anne Lane sold 4,610 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $505.60, for a total transaction of $2,330,816.00. Following the completion of the sale, the vice president directly owned 14,913 shares in the company, valued at $7,540,012.80. This trade represents a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 over the last 90 days. Insiders own 0.66% of the company’s stock.

Hedge Funds Weigh In On Hubbell

Large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Hubbell by 147.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 57 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 34 shares during the period. NBT Bank N A NY purchased a new position in Hubbell in the 4th quarter worth about $27,000. Raiffeisen Bank International AG increased its stake in Hubbell by 83.3% in the 4th quarter. Raiffeisen Bank International AG now owns 66 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the period. Hantz Financial Services Inc. lifted its holdings in Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its holdings in Hubbell by 62.8% during the 4th quarter. Baillie Gifford & Co. now owns 70 shares of the industrial products company’s stock valued at $31,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

Hubbell Company Profile

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.